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New York Panel Issues Plan for Retired Racehorses

December 27, 2011
Posted by Tom LaMarra

A percentage of revenue from video lottery terminals and purse accounts could go to help retired racehorses.

Topics: Adoption, Article, Thoroughbreds

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A New York task force has recommended a percentage of revenue from video lottery terminals (VLT) and purse accounts go toward retraining and retirement programs for racehorses in that state.

The New York State Task Force on Retired Racehorses was created by the state legislature to identify productive uses for retired racehorses and increase the number available for such uses. The task force also was charged with finding "new and innovative methods that can utilize private and public funding sources to place retired racehorses," according to a report released Dec. 23.

Based on industry statistics, the task force estimates a 39% attrition rate of Thoroughbred and Standardbred racehorses in New York each year.

The task force recommends that all New York racetracks and Resorts World Casino New York City at Aqueduct give one-half of 1% of VLT commissions to retirement efforts. Based on 2010 commissions and projections at the Aqueduct VLT casino, the percentage could produce more than $3.1 million a year, the task force report said

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Written by:

Tom LaMarra

Tom LaMarra, a native of New Jersey and graduate of Rutgers University, has been news editor at The Blood-Horse since 1998. After graduation he worked at newspapers in New Jersey and Pennsylvania as an editor and reporter with a focus on municipal government and politics. He also worked at Daily Racing Form and Thoroughbred Times before joining The Blood-Horse. LaMarra, who has lived in Lexington since 1994, has won various writing awards and was recognized with the Old Hilltop Award for outstanding coverage of the horse racing industry. He likes to spend some of his spare time handicapping races.